Gartner Research

Seven Keys to Successful and Cost-Effective Risk Oversight

Published: 13 November 2015

ID: G00290020

Analyst(s): John A. Wheeler

Summary

Senior IT and business leaders can improve the way they manage risk through seven key actions to successful and cost-effective risk oversight. Companies that fail to improve will suffer increased liability and the misallocation of valuable resources.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • 1. Speak Substantively About Risk at Every Board Meeting
  • 2. Define and Deploy Leading Risk Indicators
  • 3. Explicitly Link Major Risk Areas to Elements of Strategy
  • 4. Align Risk Management and Performance Management
  • 5. Clearly Articulate Risks Encountered Versus Authorized Risk Appetite
  • 6. Organize for Enterprisewide Risk Identification and Accountability
  • 7. Use Technology as an Enabler of Risk Oversight Activities

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